Urban Development

By 2050, the Greater Mekong Subregion is expected to be at least 50% urbanized. This will bring vast changes to the economies of the subregion. What was once a primarily agricultural area is transforming into a place where cities and towns are the main drivers of economic growth. Careful planning is needed to balance urban growth with environmental protection and economic equity so that healthy cities can be enjoyed by all residents.

The Greater Mekong Subregion is working to improve the quality of life and economic vibrancy of its cities through the development of national strategies and projects that incorporate global best practices into the subregion’s urban development. This work has included the first and second Corridor Towns Development Project, which is developing competitive and environmentally friendly cities along vital economic arteries in the subregion. Cross-border economic zones are also being developed.

MANILA, PHILIPPINES (10 December 2018) — The Asian Development Bank has approved a $250 million loan to enhance cross-border trade opportunities and improve urban infrastructure and services in Lincang Prefecture in the People’s Republic of China.